Posts tagged with ‘insolvent’

  • Can I Unwind a Winding Up?

    You are a director and shareholder of a Company and the court has just wound up your Company and appointed a liquidator. But this was an administrative oversight and you cannot afford to be associated with a liquidated Company, as it will severely affect your reputation, profession or trade and your ongoing business relationships. Can I unwind a winding up [...]
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  • Is My Company Insolvent? How do I know?

    You’re having difficulty keeping on top of your company’s creditors, paying its taxes and the bank is putting pressure on your company overdraft, but you feel it is all a temporary cash flow issue. Is my company insolvent? The Act Section 95A of the Corporations Act 2001 (the Act) expresses insolvency as an inability to pay debts as and when [...]
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